Prime Corner Retail
112 Ryders Lane Milltown, NJ 08850
112 Ryders Lane, Milltown, NJ, 08850
$1,100,000
For Sale
$1,100,000
Stand-alone building on a busy corner with two driveways.
Property Size3,796 SF
Price / SF$289.78
Days on Market653
Property Features for 112 Ryders Lane
General Information
- Standard status
- Active
- Size
- 3,796 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency
ICR REALTY LLC
Listed by
GRANT AWAD
Source
Corcoran
Added: Oct 7, 2024 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 3:51 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ICR REALTY LLC
Investment Insights
Based on property information with market context.
This stand-alone building occupies an excellent corner location at one of the busiest traffic lights in Middlesex County. The property, with a size of 3796 square feet, benefits from two driveway entrances. The location is suitable for a convenience store, deli, pharmacy, office, or any retail store.
Key Highlights
- Excellent corner location
- Stand alone building
- Two driveways provide easy access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.0k | $21.60 |
| − Vacancy | −$4.6k | −$1.21 |
| EGI | $77.4k | $20.39 |
| − OpEx | −$23.2k | −$6.12 |
| NOI | $54.2k | $14.27 |
3,796 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$774.0K
$677.3K – $903.0K
NOI $54,181 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.2K
$867.3K – $1.16M
NOI $69,385 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Stand-alone building on a busy corner with two driveways.
Where is this storefront property located?
The property is located at 112 Ryders Lane Milltown, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent corner location; Stand alone building; Two driveways provide easy access
